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talking about 6,000 to talking about 5,900. the german bund rallying. same goes for the uk. we're seeing a rotation into safety, out of risk and out of spain and italy. about 4.5% for italy. thin trading in markets is exacerbating the move that we're seeing as we approach the year. today, the austy dollar is weaker against the u.s. dollar by about .4%. proxy there for global growth prospects. the dollar/yen is weaker by about .25%. this as markets digest the news out of the boj and gauge whether they'll be successful in boosting inflation ultimately. the euro/dollar, 1.3221. so for trading in asia, just how japan, china and the rest have been affected by fiscal cliff news, diedra morris is join onning us with plenty more. hi. >> hey, kelly. it was a bit of a rude awaking. a lot of these indexes were on their way to gains and then we had the fiscal cliff setback. we had news that john boehner's plan b failed. this all turned red and this is where we ended. the nikkei 225 coming back from that huge rally that we have seen over the last five weeks shedding 1%. the exporters hurt here becaus
of just 2.5% in the u.s., 1.5% in canada and zero growth in the uk. locally, cutbacks in government spending weighed on the numbers and lower commodity prices also impacted on cash flow and the government is facing more criticism about its effort to keep the budget in surplus while the economy grows. >> the government has had the objective of making sure that we would bring our budget back to surplus when growth has been around trend. what we've been seeking to do through good budget policy has been to provide maximum flexibility to the reserve bank to a just rate so. the government will always put in place appropriate budget settings which will support growth and jobs. >> still, analysts say growth could slow further as the mining investment boom peaks. yesterday, the bank of australia cut interest rates to a record low of 3% and traders are looking further easing next year to offset the falling talks of trade, the high australian daughter and further cutbacks in government spending. >> despite that prognosis for rates and the fact that we're now matching the record lows here, the
'll take a look at gilts. slightly lower, 1.77%. big day for uk. manufacturing pmis out for the month of november. italian and ten year sbpanish yields are also lower. down on the greek announcements, but substantially below 6%. ten year bunds 1.37%. those yields slightly higher. on the currency markets, we talked about this euro-dollar six week high. below that at the moment, but not by much. dollar-yen moving off the 7 1/2 month high at 82.17. aussie dollar weaker despite the good chinese data. dipping below 1.04 earlier on. we had retail sales data that was a little bit disappointing. sterling-dollar back above 1.60 as we wait for the pmis. the most searched terms apparently of 2012 were the u.s. election and iphone 5. and while the most searched person of the year was kim kardashian, this is according to yahoo! search engine, kate middleton and political polls also made the top ten list. so here is a simple question for you today. what dunk were the most interesting stories this year or the most interesting story, the election, the owe almost picks, the ongoing saga in greece. let
from the u.k. says this is all perfectly fine. you don't have a problem? >> they are bit like, today, actually, 150 federal agencies already on youtube as part of efficiency and government as it were, part of transparency. fundamentally, as far as government goes, obama cut 600,000 jobs from federal government arriving in 2009. this youtube program i think is one of the reasons for doing that. government all around the world use media in this way. neil: i want the 600,000 jobs back and not worry about the trillions in deficit we incurred as a result, wouldn't you? >> well, yes, there has to be a shift on the view of americans on entitlements. there's fascinating research saying that 53% of voters had used entitlements, and 59% of obama supporters used entitlements. there has to be a shift how americans think about entitlements, but a youtube channel will not change that. the most popular youtube channel? irs. youtube is actually helpful. neil: i worry about anything that makes it easier for you to get benefits from the government. i worry about it because there was a woman on earlier
this promotion drives us towards a fiscal ditchand weber from the u.k. says this is all perfectly fine. you don't have a problem? >> they are bit like, today, actually, 150 federal agencies ready on youtube as part with u. good night from new york. neilwheeling and dealing, and despite the shouting back and forth, that says a fical cliff deal is coming. that's the good news. now, the bad news. it won't remotely tackle spending of the it is not what they are saying. it is what big spenders are promoting in a youtube video that's gone viral. i want you to ignore everything that you've been hearing out of washington today because i think at the end, it means nothing. focus on this video beause i think it's going to tell you everything. take a look. >> to begi the benefit finder, first answer all of the nine simple core questions that are essential to narrowing your relts. you will find a program description, general requirements, and your next steps on how and where you can apply. receiving the latest benefit information has never been easier. we hope this tutorial helped you on your path to gover
export performance, creating jobs in the manufacturing sector. but germany and the uk need europe to improve. >> it comes at an inkrd eblly high cost in terms of the number of people out of work. what has been done? how much have we destroyed so that the jobs outlook and growth prospect in this country? >> well, what growth prospect in the southern european countries? we're seeing definitive bifurcation of northern europe and southern europe. southern europe, we are creating an underclass of long-term, especially youth unemployed that is going to give us a problem when the economies eventually start to get into balance and start to pick up. we still have this issue, even though we have tens of millions of people out of work, we still can't find the right skills and the right time. >> you mentioned the uk. the unemployment picture never got that bad in britain. so what happens now? why did it outperform? >> the uk is so different from the rest of europe. we've got london, the financial services sector, that didn't actually, in terms of job numbers, get hit as hard as the rest of eu
between us is we won the large multinational companies to pay proper taxes here in the u.k.. we believe you do that by having lower tax rate and we reduce the rate of corporation tax but by making sure they declare their income properly. that is why on this specific issue of transfer, companies have been pursuing strange practices to pretend there revenues aren't delivered in the u.k. and run down their tax bills. .. >> the entry of the energy bill to parliament now means we can get out there and sell to all of the energy companies the very clear and stable framework that the u.k. has for offshore wind, for nuclear, for renewables and, indeed, for gas. i think it's a very positive development, there's a huge amount of potential, pent-up investment, and we need to make sure that results in british jobs and apprenticeships, and the government is fully committed to making that happen. >> [inaudible] pruitt. >> the prime minister obviously believes within the leveson report, there exists something that is bonkers. how would the prime minister give the views of his planning minister
in ubs have edged up in early trade after the bank announced a major settlement with u.s., u.k., and swiss regulators over its role in the libor fixing scandal. with more we'll look at the story with carolyn roth with us on set. i guess we're expecting a settlement, expecting something big. what have we learned today? >> well, first of all, i mean, the market reaction -- ubs up by 1%, can you believe that? what barclays was hit with $450 million fine, i mean, we saw a big hit in barclays' share price. this fine is three time the amount that barclays was fined. $1.5 billion or $1.4 billion swiss>>frank: francs. this is on the libor manipulation charges. ubs must pay swiss regulators $59 million in profits because the regulator can't fine ubs. the fine from the fsa is the biggest ever, 160 million pounds, $1.2 billion will go to the u.s. regulators. so the second biggest fine that was ever handed to a financial institution. of course, following that $1.9 billion fine that was given to hsbc. what we do know is that the company is admitting criminal wrongdoing in its japanese arm b
of congo. the drc is now back in control -- control. in the uk, starbucks says it will start paying corporation tax. the company has nearly 1/3 of the uk coffee shop market, but has only paid the tax once in the past 15 years. starbucks has been stung by public criticism of its actions. you're watching "bbc world news america." still to come on tonight's program, nearly 25 years after a deadly gas attack, one kurdish town is still trying to identify the scores of people who died. to japan now, where the authorities are trying to figure out how tunnel collapsed on sunday, killing at least nine people. huge concrete slabs in the tunnel smashed on to cars. that started a fire on the main route from tokyo to central japan. we report now on that story. >> only this morning, the mangled wreckage of three vehicles was brought -- early this morning, the mangled wreckage of three vehicles was brought from the tunnel. last came a small delivery truck. the driver had been trapped, but alive. by the time rescuers got to him, he was dead. the collapsed tunnel lies deep in the mountains of centra
to come. in just one instance revealed by the u.k. financial services of 40, ubs made corrupt payments of about $24,000, a quarter over 18 months, to reward brokers for helping to manipulate the global interest rate. the u.k. authorities have already arrested three people in connection with the serious fraud of criminal libor investigation. >> shareholders are getting more serious about asking serious questions with these practices. there have not been enough to drive an enormous or definitive change in the banking culture as a result. this is why many people say the financial companies will not be as significant -- the financial penalties will not be as significant as the criminal police. >> ubs, already rocked by a rogue trading scandal, a tax investigation, and huge subprime losses. >>> william black is a former u.s. federal regulator and associate professor of the economy and law at the university of missouri. >> there is nothing astonishing about this behavior. this is what virtually every large banked active in the market did. and they did this quite predictably because the top m
to allow the ecb to directly supervisor the three largest banks in each country except for the uk and sweden which have both opted out. european leaders need to give their seal of approval and silvia wadhwa is in brussels with the latest. sylvia, it sounds like the meeting went into the late hours of the night. it sounds like the uk and sweden got their way. how significant is this agreement? >> the early hours of the morning. one may wonder whether that's good news for sweden and the uk that they opted out of the banking supervision or whether that's good news for them in that sense that they opted out and had their way. bottom line is, we have an agreement. that's the most important thing. otherwise, they threaten meetings going between the years leading up to christmas because everybody agrees that we might have a type of agreement before the year is out. the agreement that is on the table, ecb will be the banking supervisor. the straightforward ecb supervisory council will be flanked by two other committees, a mediation committee and a steering committee. the personnel of this
editor-in-chief anna wintour possibly being nominated as the ambassador to the u.k. and that new reporting has sparked new questions about whether the woman infamous for being rather tough on her staff possesses the diplomatic skills to deal with our best friend over in england and international relations. former u.n. ambassador john bolton faced similar criticism when he was up for his post, and he joins us next on whether he thinks wintour, infamously portrayed loosely in the film "the devil wears prada" has what it takes. >> oh, good morning, miranda. >> get me isaac. i don't see my breakfast here. where are my eggs? where's the piece of paper i had in my hand yesterday morning? the girls need a surfboard or spring break. nothing melts away the cold like a hot, delicious bowl of chicken noodle soup from campbell's. ♪ let it snow, let it snow ♪ ♪ [ male announcer ] everyone deserves the gift of all day pain relief. this season, discover aleve. all day pain relief with just two pills. ♪ >> so you don't read runway? >> no. >> and before today, you had never heard of me --
for her now. bloomberg news is reporting that she is on the short list to be the next ambassador to the u.k. or to france. a hat tip to the "new york post," owned by the parent company of the network. she was trying to audition by fundraisers and glossy spreads in the magazine. what do you think? quid pro quo? >> dana: yeah, i do. she is an accomplished woman. if you have a movie made that says you're the devil you'v youe something. >> greg: they made one for you. >> dana: i'll reserve comment whether she deserves it and would be a good ambassador. we talked about this eight months ago with a big event here. someone slipped it out she would love to be the u.k. ambassador. i think it could happen. >> andrea: do you think it's real or her floating her own name for job? >> greg: i would like to send her away. england sent us victoria beckham. six-figure exchange program. i could have used another word but decided to be clean. she tells an assistant to float it and it helps her keep her job another year. >> eric: last year we did the same story. >> andrea: this is the same woman that did the gl
toward the alpine region. some shower weather for the u.k. and much of france, too. over eastern parts of europe seeing cloudy skies, outbreaks of rain. -14 degrees is expected in moscow. we have a fairly brisk, northwesterly wind making an impact all the way down towards sudan seeing temperatures below average at 29 degrees. as we move into central parts of africa, while the monsoon rains are pushing further, a decent amount of rain is being reported but generally you see the rainfall pushing away from the democratic republic of the," . -- of congo. >> the french president, president hollande, has addressed the parliament as it celebrates 50 years of independence. although he did not directly apologize, he did say he recognized the suffering experienced by algerians. u.n. secretary general ban ki- moon sees little hope for political dialogue and is worried about atrocities being committed by both sides in syria. vladimir putin appears to be distancing himself from the syrian president. he says russia is not backing the syrian government at any cost. south korea's first-team a presiden
us is allen higgins, chief investment officer for the uk coutts. good morning. >> good morning. >> so we've had 12 years of exposure to gold. you're limiting it now. why? >> it's starting to lag, but more subtly from a portfolio construction perspective, it's lost its negative correlation. for example, quarter 2010, well, euro crisis won when we had equity markets down a lot then gold really surged forward, giving a negative correlation. and so for the portfolio manager at coutts, it has been at times a legal high gold exposure surging upwards in times of stress. for those days seem to have gone. trimming it. that is a fact that there's a real shortage of low risk investments of on german bunch negative. >> but you're saying it's trading like other risk assets at the moment. >> at times, it's correlated with em. so it's less attractive from a portfolio construction perspective as compared to what it was. >> it's fascinating because we've been talking about one theme for 2013 being is it a stock picker's market, are we seeing less differentiation, what you're saying would suggest that
favorite example, which i went back and looked at it kind of horrified me. uk's might remember this widely reported. in january 2007, think about that date january 2007, mike bloomberg and chuck schumer, commissioned a report from mckenzie when new york was falling behind compared to london. to be the support you can google it in 30 seconds. it's shocking the main problem, the single biggest thing holding back the u.s. economy is overly harsh regulation of credit derivatives. it's in this report you will start a section on credit derivatives, how we need less regulation of them otherwise london will take over global finance. what was amazing at the time is everybody agreed that this report. eliot spitzer was quoted saying how great this was. chuck schumer was one of the sponsors in the u.k. labor was running the u.k. and even the critics said this report showed that even the labor is kind of spending far too much money on the nhs at least they give regulation right. so there was a very widespread bipartisan kind of economic faculties of the western world bought into this and that played a
been found guilty of misleading and dishonest conduct by u.k. medical tribunal. the verdict is another victory. their father's death brought one of the largest increase in the british army. this is was not unique. it prompted a wider inquiry about the treatment of iraqi detainees. the doctor now worsen in medical practice in northern england. he has always denied any wrongdoing. >> the blitz was a bombing campaign during the second world war which almost brought london to its knees. now the designers of an interactive map that shows where every bomb was dropped has been overwhelmed by popularity with millions of people from around the world visiting. >> they were the darkest days in london's long history when the bullets hit, more than a million houses destroyed and many of the landmarks. now this web site helps us understand what happened. each red dot marks where a bomb fell on london. there are 31,000 dots in all. the website designers painstakingly matched all maps with today's street grid to pinpoint exactly the locations. the popular response has been overwhelming. >> even though
, for example, the uk, it's actually a relatively small amount. if japan tries a much larger qe event, surely we go down the route of the uk which in and of itself does not demonstrate a huge increase in inflation and a huge increase in market growth, either. >> arguably, that is one of the problems with the huge task that the boj has ahead of it. people progress in terms of growth, japan has bigger problems, much bigger problems in terms of the demographic in terms of the structural hold back. so there are a lot of sectors at play now. i think one of the names that the boj has is whether this will work or not. but if were looking at it more from a yen perspective, certainly two things are going to drive the yen are going to be the relative price of the boj balance sheets with respect to, perhaps, the fed and the ecb and the other being the jgb. >> and briefly, in summary, what are your favorite strategic calls? >> the strategic calls for us are going to be buying the rupee against the yen. we are looking for the yen to depreciate further and keeping our fingers cross on some policy upside comin
. he ended up getting 204 hugs at the end. >> hug it out. >> hugs are easy. >>> in the uk there's a wonderful town night brighton. they put up their christmas lights. i want you to tell me if you notice anything peculiar about these lights. >> oh, no. >> you are kidding me. who did that. >> what's that look like to you, nick. >> looks like man parts. >> that's not the only thing they have done to the christmas lights. >> oh, no. apparently somebody is saying something about some of the commercialism about the holidays but they are not done. look at this angel and look at santa. >> oh, my goodness. >> oh, c't even show that one on tv. >> what the heck happened here. >> i hate my job. >> maybe this person's job should be a light designer. they are pretty good at that. >> maybe that's what this person does. >> whoever got the contract to do the decorations is a grinch. >> this is a prank. this was done by the pope which -- >> the pope. >> the poke. p-o-k-e. it's been edited. they do funny stuff with the lights. the council said we don't have anything to do with the lights. it's a j
to the rest of the world, if you look at germany, uk, japan, france, all of whom have very strong gun regulations, we have more gun deaths in one week than they have in an entire year, and the incidents -- the number of times in which guns inside a home are used for self-defense are exceedingly small, on the order of maybe 1 in 15, 1 in 20 as compared to the number of times when a gun is used either for suicide or a homicide. anybody that looks at the data here is quite clear that on the whole, particularly things like assault weapons, create far, far more kor nage in th carnage in this country than they prevent. to a large extent the reason why i think progressives have not been able to mount an effective campaign for sensible gun laws, it's been a failure of the progressive movement, and i think that will now change with progressives. they must realize they have to make this an election issue. all of the polls show that the public is widely in favor of sensible gun regulations. i will point out what i said on friday. president clinton after columbine when we were meeting in the oval
irish fan, so hopefully not. >> is dolmen all over the uk? >> that's correct. they're predominantly in ireland, but you look at ireland right now, they're actually going through the reforms. they're trying to inject money in a credit fashion into their economy. and we certainly think we can bring our fixed income expertise and continue to help them. >> that would make sense for cantor. ireland was the mf-will first they were in trouble, then the model for the world. what got them into trouble again, housing or real estate or something or bad banks or -- and now again they're kind of a model for everyone on how to handle it. is that basically the last five years? >> absolutely. certainly was a real estate bubble there. now there are austerity measures being put in place and they're actually following through on the austerity measures. so certainly they'll come out first and actually look pretty good. >> so where is the most business for you for cantor in ireland, what will you be doing? >> certainly it's an equity based firm. we'll bring our fixed income expertise, probably become th
are in place in scandinavia and in germany and the u.k. and reshaped those market forces, and the way we shape those market forces has been the result of the least equality of opportunity contrary to our image of our self. it's really a myth. the countries that have imitated the united states have done like the united states. the u.k. used to be in the middle of the elite table and now we are expecting of the income inequality whereas it struggled and inequality has increased a little bit but it is still the least -- the most the quality of opportunity. .. even canada is, less harsh society than ours and the same environment we are, speak the same language, these are choices and choices about how we run markets. the distribution of marketing, there is a lot you can do, it is choice about what you do after words as well, providing universal health coverage or provide decent support or an educational system that is well funded for everybody, not just people in the right neighborhoods. >> and the tax system is obviously important, not only for inequality opportunity, but also growth. so for insta
's the rule in the uk. >> you could not be more wrong, brian. you need to get out more. my parents are getting old. i spent a lot of time the last year in the hospital with my mother, and i can tell you that the treatment they get is second to none. are there restrictions to the kinds of treatments? yes, they don't try and take on really experimental treatments unless you're in a trial, but most of the people i saw in a brand new hospital in my old home town of birmingham, they were getting first-class treatment, extremely expensive. and you know, you can argue about end of life care and was it worth it or not -- >> that's not what we're talking about. by the way, i guess the daily mail and telegraph are wrong. denied end of life care because too old to treat. >> this lady is not at the end of her life. >> i'm not talking about that woman. i'm raising a difficult issue. >> they are wrong, and they're being really alarmist because they get lots of attention for it. but people who are facing, you know, extreme -- the ends of their treatment of cancer, do they get treatment from the nhs? yes, the
as analysts cut their outlook for the uk power group. >> okay. welcome. it's the start of a brand new week here on "worldwide exchange." and don't adjust your set, kelly and i are together. >> for once, for a day. >> but make the most of it because it won't be lasting. >> if only there were a slo-mo. >> i'm going to enjoy as much as i can of today. >> and likewise. and then we're going to have to get all of our u.s. voouers to find cnbc world because they could get three hours of you, carol and carolin for the rest of the week. >> whatever they can do. record it and fast forward to the good bits. >> yeah. >> it will be 2:00, 3:00 in the morning or whatever. >>> on today's show, plenty to come on. >> yes. the south american union faces ejection from the imf for allegedly cooking its books about the innation rate. we'll head out to europe where the swiss banking giants could be facing $1.6 billion over libor rate rigging allegations. >> and we'll be on the floor in beijing where china's leaders just wrapped up a major conference. >>> and japan's prime minister election is calling on the bank
to france or the u.k.? the new rumbles of anna wintour as ambassador coming up next. melissa: more breaking news right now. disney and netflix reaching a multiyear catalog deal. netflix will be the exclusive u.s. subscription television service for first-run live action animated disney films. basically that means you have to go to netflix to get first crack at disney stuff and cartoons to is moms of course. you can see netflix's stock reacting. investors loving this news and the stock is rising substantially on that. you can see it is up there about 7%. thank you. that is little dark for me there. lori: good news for content on netflix. more choices. >>> internet giant yahoo! facing trouble south of the border. a potential judgement against it in a mexican court may cost billions. shibani joshi has the details for us. so the amount of this lawsuit is equivalent of what, like a third of yahoo!'s cash on hand? that is exorbitant. >> it is a huge chunk what a the company has in he bank and this is something investors will pay very close attention to obviously when the company is spending bill
foreign jihadists, is a malley, germany, u.k. and france on the ground in syria. that man said he wants to establish strict adherence to shariah law in syria adding that the taliban is example to follow. >> opposition has to take steps to isolate extremists and those with a different agenda. >> the leader is pushing the u.s. to reconsider the decision to label militant islamic use to claim religion is legitimate motivating factor for the rebels. the u.s. says the group is a front for al-qaeda in iraq. chris? >> chris: thanks. >> you're welcome. >> chris: federal appeals court struck down the nation's last date wide been a on carrying concealed weapons. illinois now has 180 days to write a new law permitting people to carry guns for self-defense. unfortunately, no one armed or otherwise was able to stop a young man with an illegal gun from fatally shooting two people and himself at a suburban portland, oregon, shopping mall tuesday. correspondent dan springer says it could have been worse. >> cell phone video shows the kay yous in a mall in -- chaos in mall in portland. they ran for live
be looking for an ambassadorship for the uk or france. >>> new york's mayor corey cory booker starts his food stamp challenge. >> starting to cut through the prejudice and ignorance about people who use supplemental programs and get people to a higher level of consciousness and understand that the common investment in programs like this and they are important. >>> newt gingrich is getting a cameo on parks and recreation. >>> game on, movie fans. they gave out their awards and the bulk went to two live stories, "lincoln" and "zero dark 30." well, anyway, the l.a. times had a fascinating article about how this influential group, the critics, is an oscar predictor. and by the way, they honored frankenweenie. you can prevent gas with beano meltaways, or treat gas with these after you get it. now that's like sunblock before or sun burn cream later. oh, somebody out there's saying, now i get it! take beano before and there'll be no gas. >>> if you're a conservative republican you might feel under attack this morning. a series of events point to a growing concern over the right wing of the party. th
, that's one of the things i'm not on the hot seat about. that's part of the u.k. member firm. >> of course, this is an issue at the form. it's a big deal. >> it's important to us. unfortunately, we can't comment on that. our member firm has put out a statement. we believe we held up to professional standards. >> during that time, there was no questioning on the part of hewlett-packard in terms of saying, hey, did you find anything? it just seems like it came up from nothing. now all the sudden it's fraud with this $8 billion write down. >> again, i can't comment on it. i wish i could, but i cannot. >> all right. let me move on to your meeting with the president about the fiscal cliff. >> sure. it was optimistic. president very inclusive of business. he was open to a broad set of solutions that included all aspects, not just revenue, but spending and entitlement reform. >> so you actually felt that you saw a difference. you say it wasn't always like that. you saw a difference in the president in terms of listening and perhaps taking advice on what's to be done fiscally? >> the
approach to swaps regulation, close quote. you ad worked closely with regulators in europe, the u.k. and japan and just recently in october you stated in a speech that the cftc has, quote, consistently engaged with our international counterparts through bilateral and multilateral discussions to promote robust and consistent swap market reform, close quote. recently the regulators of the u.k., france and japan sent the cftc a letter and urged your agency to better coordinate regulation with them and it has been widely reported that regulators of other countries are concerned about your agency's approach. so my question to you is, what happened? >> what happened is what happens in human nature is that not, we don't always agree, partly because we have different underlying statutes. we have different cultures. we have different political systems. . . europe, canada, the u.s. and japan to have central clearing, data reporting and the least here in the u.s. and japan for some of the public's transparency. europe is still focused on that. we are going to -- wherever there is a direct conf
a and officer training academy. members asked about the uk's immigration policy and concerns over proposed national health services spending cuts. >> questions to the prime minister. >> number one, mr. speaker. >> thank you. i am sure the whole house will wish to join me in sending our best wishes for christmas to our brave armed forces in afghanistan. it to their families who will be missing them, and to the servicemen and women around the world -- you are always in our thoughts. we owe you a deep debt of gratitude and sinew our heartfelt thanks at christmastime. i have meetings, and in addition to my duties i shall have further such meetings later today. >> thank you, mr. speaker. thanks my right honorable friend for comments about wishing a merry christmas to our service families under deployment -- service members under diplomat and their families. could my friend also tell me what progress has been made to remove the metals -- give the metals, especially those who served in arctic convoys, for their bravery? >> i thank my friend. on the issue of medals, which is gone on for a very lon
the uk's immigration policy. also proposed health services spending cuts. >> order. questions to the prime minister. >> number one, mr. speaker. >>
in the uk are reporting the story. just simply a wealth of puns, jokes, and the like. kate expectations, says "the daily sun." "the mirror" for pregnant kate in hospital for days. and the "daily mail" has it has a nation's joy, a husband's nerves. so, whichever way you cut this, everybody seems to be delighted. i mean there's just -- there's just tons of tons of papers by the yard. >> can i go out on a limb and say it's just the beginning. you have nine months, and then the kid is born, and you have years of the same exact thing. richard quest for us this morning. thanks, richard, appreciate it. we've heard from brianna keilar just a few moments ago, both the white house and congressional republicans have laid their plans on the table to deal with a looming fiscal cliff which is now 28 days away. both proposals have been flat-out rejected by the other side. former british prime minister tony blair is with me this morning to talk a little bit about what the standstill means not just for the united states, but really, the international community, as well. it's nice to have you, sir. >> th
to this government in exile, if you will, as being recognized by france, the uk, turkey, gulf cooperation council countries and now the united states. >> this is going to complicate things, because now at the same time we have this state department saying that a small portion of the rebels are terrorists. they are al qaeda. how does that complicate the situation? the u.s. is trying to support the rebels. the president says this is a legitimate organization, the government, and yet, you have terrorists inside on the ground as part of the rebel forces. >> these jihadi fighting forces are making the rebel advances by the way. when you hear them made in and around damascus and a big army base outside of aleppo overtaken by rebels, these are the fighting forces with training in iraq, the jihadis are foreigners. it's a small component but making advances. the head of the opposition group is criticizing the u.s. for designating this rebel group as a terrorist force perhaps he doesn't want to be seen as a puppet of the united states. by the way, the u.s. is now inviting the head of the opposition, the po
know back in the u.k., everybody is just thrilled with the news. and it's nice that it's come at christmas. i'm very, very happy for them. it's lovely. >> indeed, it is. a gift for us all. as is a voice that's going to absolutely blow you away. will you perform? "hark the herald angels sing" for us. katherine jenkins. >> thank you. ♪ hark! the herald angels sing ♪ ♪ glory to the newborn king ♪ ♪ peace on earth and mercy mild god and sinners reconciled ♪ ♪ joyful all ye nations rise join the triumph of the skies ♪ ♪ with th'angelic host proclaim christ is born in bethlehem ♪ ♪ hark! the herald angels sing ♪ ♪ glory to the newborn king ♪ ♪ risen with healing in his wings ♪ ♪ mild he lays his glory by born that men no more may die ♪ ♪ born to raise each child of earth ♪ ♪ born to give them second birth ♪ ♪ born to raise each child of earth ♪ ♪ born to give them second birth ♪ ♪ hark! the herald angels sing ♪ ♪ glory to the newborn king ♪ [ cheers and applause ] >> thank you. >>> and santa has set up his throne right out
of with the british system, and in the u.k. incentivize with the preventive checks, blood pressure, cholesterol, urine checks and in the hospital, they get incentivized and rewarded. in massachusetts if the doctor does not save them money, then the doctors get penalized. stuart: and how do you judge, is it cost per patient per lifetime that the doctor is judged on? >> so what's happening here is that doctors are entering into contracts with insurance companies and they're given what's called a global budget. and they get a set amount of money to take care of a patient. if they look after those patients economically and save money they're rewarded. if they do not look after patients and spend money excessively and doctors are penalized and they're tracking it. stuart: that's interesting. let's suppose you've got a universe of 200 patients for one doctor. we'll give you x number of dollars to treat 200 people. you go above the dollars you're going to get penalized and come out of your pocket. keep below that number, the total cost of 200. you're incentivized and keep the difference. >> that's how it wor
with your fox news minute. france and the u.k. sum mounting israeli envoys in protest f israeli prime minister benjamin netanyahu plan to build 3,000 settlement homes in the west bank. they authorized the housing units a day after the palestinians were voted by the u.n. to status. >>> despite international warnings, sources in the south korean government say the first stage of the rocket has been put in place suggesting a launch could come early as next week. that could coy inside with south korea's presidential elections. >>> demonstrations raging in egypt as president mohammed morsi and the muslim brotherhood push through a new hard-line islamist constitution. egypt's high court suspending its work indefinitely when morsi's supporters prevented them from entering into the courthouse to rule on the constitution. those are the headlines. back to tracy. tracy: lauren green, thank you very much. auto companies reporting strong november sales today. ford, chrysler, toyota and nissan and hyundai reported strong sales due to hurricane sandy. jeff flock is in chicago with more. hey, jeff. >
the key here. 31 daily nonstop flights. that's all part of what goes between the uk and north america for virgin atlantic. the brand remains, guys. make that clear here. the virgin atlantic brand does not go away. what changes is that delta has a 49% stake in the company. there's going to be a press conference later this morning here in new york. we're going to be talking with delta ceo richard anderson, and "squawk on the street" a little later on this morning. but this is a big deal in terms of what's happening with the airlines, and that international consolidation that we've all been expecting. guys, back to you. >> before you go, real quick. how much is this going to really impact delta, singapore air, which had this stake, was unhappy ultimately, because they didn't have the control that they really needed. or thought that they needed. >> i think richard anderson believes he will have the control. also singapore airlines, many believe that it did not utilize the access to heathrow as effectively as delta will be able to in terms of flights between north america, and heathrow. so
is set to open below 13,000. markets in europe mixed after a shortened session in the uk, france and spain. our road map starts right where we were months ago, waiting for the 112th congress to agree on a debt reduction package. the senate convenes at 11:00 a.m. >> the dow had its worst day in a month on friday. set to close december with a loss. the question is, does it continue to sell off if there isn't an accord in congress. >> we will always have china. manufacturing pmi data from last night is the best in 21 months. can we finally say the chinese economy has been stabilized. >> but of course, we start in washington. as you know, congress comes back today. the house gaveling into session now with legislative business starting at 10:00 a.m. the senate returns at 11:00 a.m. eastern. there are only a few hours left to get a deal done. eamon? >> you're already hearing people talk the way they talk on new year's day. a lot of people wish they could go back in time and do things differently. that's the way people are talking in washington about this fiscal cliff. feeling as if thi
that will get smaller and smaller and smaller. the uk, well under 2. china, 1.55. we know they've actually implemented policies because they want to control population. in the bigger picture, fooling around with mother nature in this way could have hugely negative consequences. russia 1.43 and germany, 1.41. at the very bottom of the list, other than certain countries where the information is not available, the bottom of this list was singapore at .78. i know we're dealing with so many issues nowadays and i blow a gasket over many of them, whether fiscal cliff, unfunded liabilities, at some point, growth is the answer. when you start considering where the engines of growth have been and what their population declines may be, it makes one wonder, where is the horsepower from global growth will come from and this at some point needs to affect the picks in your stock portfolio. back to you. >> rick, i'll take it from you, rick santelli. >>> even starbucks is worried about the fiscal cliff. and we'll take you live to one of those location as they launch their initiative. back in two. to live a
and will probably happen in europe. the u.k. specialized in being the home of trading. they certainly don't want that to be taxed. so yes, there are people in congress. i think wall street is now the number-one contributor to political campaigns, or at least it is in the running for number one. i have been to washington many times and am involved with several groups that are trying to reform the business sector. it is very difficult because of the sheer amount of money that the finance sector is pouring into lobbying and campaign contributions. >> let's give a round of applause for lynn. [applause] we have the opportunity for you to purchase and have the book signed. we thank you all for being here. if you have further questions, she will be here signing books, so come and talk to her. >> in the fall of 1774, the british admiral and generals and diplomats were reporting to the crown that the colonists for sending ships everywhere to try to get ammunition and muskets and cannons. this was after the british sent more troops to boston after the boston tea party and so-called subversive acts. it is
know now that she's pregnant. she's being looked after by the top doctors in the u.k. they would argue. we'll see what happens. certainly we're going to be here for a few days, ashleigh. monitoring the situation for you. senior royals have been informed. prince harry, they're trying to get ahold of to inform him. prince william is in there supporting her. >> just quickly, while we're all excited about a royal pregnancy and the lavishness of their lives and all the rest. it can't be understated she could be pregnant with a future king or queen. >> well, it's interesting, this debate because you would understand from what politicians have told you that they have changed the act of succession to allow the first born, if it is a girl, to become queen. that's not actually the case. very, very complicated legal procedures have to be gone through. they haven't even identified the laws that they have to change in order to do that. they go back hundreds of years. there's a committee in new zealand that's debating this. there are several countries, 15 countries, that have to agree to change this
that ruled -- i think is what will surprise some folks -- that there is a treaty that the u.s. and the u.k. are a party to, along with a lot of other parties, call the international child abduction treaty. and that treaty is what was upheld by the lower courts in the united states. so the mother was able to keep custody of the little girl. now the u.s. supreme court is hearing the case today and we'll see what happens. the effects of this, the impact of this will likely reach a lot of u.s. military. >> gretchen: recently in the news, there has been this american female actress who also had two children with a foreign national, i believe he was from france. >> right. >> gretchen: then he was able to take -- the judge in the u.s. ruled that he could take the children back to france and she has been trying to fight to get them back. >> exactly. and it's this treaty in the hague and it's meant to help prehave not parents from abducting children burks it seems like it's perhaps doing the opposite. >> steve: so the supreme court is not going to decide necessarily who the child lives with, but wi
. as i said, there's been a coordinated crackdown around the world of anti-bribery law in the u.k. and a big run in russia. corruption is everywhere. >> why isn't the united states further up the ranking? >> part of the problem and united states is always ranked around this area below top 10%. what they say is a lot of it has to do with just corruption not being enough of a priority. they say that the financial crisis changed some of that and people are starting to pay attention and citing a poll that 80% of americans believe that the financial crisis was the result of some public corruption. so it's more in the consciousness there and that affects the perception. it still has a long way to go. >> fascinating. thanks very much. >>> still ahead this morning, we've seen a wide range of companies unloading special dividends this quarter. have the nonissuing companies now made the wrong move. we'll take a deeper dive into that and talk about names that have yet to declare one and what it means for them ahead of the fiscal cliff. try running four.ning a restaurant is hard, fortunately
, and even in the european countries, especially the uk, they have a one-payer system, but what happened is that one-payer system has caused long lines, health care is delayed getting to people, and the end result, the private sector that actually is formed. we as an organization are a big believer that the integration of care into a more -- a simpler mod'll it's under one roof or enabled in a society that can access care at single point and then be able to use it across the platform as a whole. we're not a big believer in a governmental sponsored only plan because it does not encourage innovation and does not encourage competitive aspects, and we think the competitive aspects will only make us better going forward. >> bruce, question slightly off the topic. being a texas a&m guy, what do you think of johnny manziel ask do you think can win the heisman? >> i have to tell you, the school is making me proud. the year i have been associated with texas a&m, i've never seen a better football team and i think he will win. a little off topic. >> mr. broussard, i want to comment and give you som
investigations are done. what happens in the uk and other places, it's an inquest to get information. that will regroup again in march. >> thank you. appreciate it. >>> another chapter in a bizarre story. it started with authorities in belize wants to talk to him about a murder. now antivirus founder john mcafee is back in the u.s., but might not be the end of the saga. unny. [ male announcer ] truth is, dayquil doesn't treat that. really? [ male announcer ] alka-seltzer plus fights your worst cold symptoms, plus it relieves your runny nose. [ breathes deeply ] awesome. [ male announcer ] yes, it is. that's the cold truth! campbell's has 24 new soups that will make it drop over, and over again. ♪ from jammin' jerk chicken, to creamy gouda bisque. see what's new from campbell's. it's amazing what soup can do. how they'll live tomorrow. for more than 116 years, ameriprise financial has worked for their clients' futures. helping millions of americans retire on their terms. when they want. where they want. doing what they want. ameriprise. the strength of a leader in retirement plannin
is experiencing a mini boom, getting visitor from all over. >> people from the u.k., from tokyo, from australia, france, i was amazed when i came to work here how many people from other countries come to visit our little town. >> reporter: and their little town's population has now blossomed to 60 residents as clean tech job seekers stream into the area to see the solar installations and more rare earth mining which is being expanded in the nearby hills. >> it's terrific for me because it's sort of like i'm realizing my dream. and doing something i really like doing that is turning into a business success. >> reporter: and the nickname of this little town is nipton powered by the sun, and another unique fact is it's only one of two towns in the entire country that's owned by a private individual. the other one is in the state of wyoming. patti ann, back to you. patti ann: yeah. and that individual, freeman, he's done a lot. is he done, or does he have more plans for nipton? >> reporter: oh, no. he has big plans for his small town. he wants to put in electric vehicle charging stations, an organi
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